Continues to execute proven credit-oriented strategy established in
2006

November 01, 2017 09:00 AM Eastern Daylight Time

HOUSTON--(BUSINESS WIRE)--BlackGold Capital Management LP (“BlackGold”), a research-driven firm
focused on credit investments in the energy industry, today announced
the final close of BlackGold Private Energy Partners II LP (“the Fund”)
with $165 million in commitments.

The Fund, which commenced investing in June 2017, will primarily invest
in credit-oriented securities of companies in energy and energy-related
industries. The Fund will also participate in direct lending, invest in
private and illiquid securities and other special situation
opportunities in the energy markets.

“This new private structure fund is a significant milestone for our
firm,” said Erik Dybesland, Managing Partner of BlackGold. “This new
partnership provides us with additional resources to take advantage of
the attractive market for energy credit and to deliver strong
risk-adjusted returns for our partners. We appreciate the support and
confidence of our existing limited partners, and welcome our new
investors.”

Adam Flikerski, Managing Partner of BlackGold, added, “This Fund builds
on the successful strategy executed by our first vintage Private Energy
Partners, which launched last year with a close-knit group of investors.
Today, we believe our dedicated energy investment team combined with an
expanding platform is well positioned to take advantage of the evolving
credit opportunities in the energy landscape over the coming years in
both public and private markets.”

BlackGold’s platform invests across the entire capital structure of
energy companies, in both public and private markets, focused primarily
on North American upstream, midstream, and oilfield service sectors. In
addition to BlackGold’s traditional opportunistic and catalyst driven
secondary market investments, the firm leverages its industry expertise
by adding value to companies seeking capital solutions, debt
re-financings or balance sheet restructurings.

“Our team is committed to delivering equity-like returns through credit
investments for our clients while being disciplined with their capital,”
said Sharam Honari, Partner at BlackGold. “We have a strong belief that
specialization is a necessity in assessing the quality of management
teams, the relative value of assets, and identifying potential
catalysts.”

Evercore Group LLC served as a placement agent for the Fund and Akin
Gump LLP provided legal advice throughout the fundraising process.

About BlackGold

BlackGold Capital Management LP is a leading investment firm focused on
opportunistic catalyst-driven investments in the energy industry. The
firm’s team has decades of experience and expertise in energy with
extensive long-standing industry relationships. Founded in 2006,
BlackGold seeks to generate compelling returns for its investors by
employing a deep fundamental research-driven approach in analyzing
energy assets and capital structures. The firm manages $1.2 billion in
capital across its investment platform which includes public and private
commingled strategies as well as managed accounts. KKR & Co. LP, a
global investment firm that manages investments across multiple asset
classes, holds a 24.9% passive minority interest in BlackGold Capital
Management LP. For more information, please visit www.BlackGoldCap.com.